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 Property Type Business/Commercial
 Parcel # 081032312027
 County Dane
 Sub Area E04
 Municipality Madison
 MLS# 1888807
 Listing Date 07/20/2020

MLS Public Remarks  Rare, FULLY APPROVED, turn-key new development opportunity on Madison's near east side in an existing opportunity zone. Own ~2 acres, 2 existing remodeled homes AND full city/neighborhood approval for an incremental 24 units on site. Price includes all land, both remodeled homes, all city/neighborhood approvals, in-place architect, all drawings, GC (if desired) & a building permit waiting at the City office. The deal is packaged & ready to go for a buyer/developer that wants to skip the city/neighborhood approval process & hit the ground running in a popular & fast growing east side neighborhood. Also listed as 2 single family homes (MLS 1888803/MLS 1888804, multi-family (MLS 1888805), and lots/acreage (MLS 1888806). Two parcels included in sale (081032312035 & 081032312027)
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  East On E. Washington, Left On Mccormick Ave, Right On Commercial Ave
  • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $17
  • Total Units/Bldg  2
  • Building Gross SqFt  2,765
  • Net Leasable SqFt  2,765
  • Year Built  1925
  • Source for Year Built  PubR
  • Approx Bldg Dimen  0x0
  • Street Frontage  133
  • Parking Fees/Mo.  $0
  • Onsite Parking  15
  • # of Stories  2
  • Ceiling Height Min  0
  • Ceiling Height Max  0
  • Number of Loading Docks  0

  • Zoning  SR-V2
  • Est. Total Acres  2.25
  • Source Of Est Acres  
  • Lot Dimensions  
  • Owner  
  • Tradename  
  • ASSESSMENT & TAXES  
  • Land Assessment  $120,800
  • Assessment Year  0
  • Net Taxes  $10,884
  • Tax Year  2019
  • Improvements  $371,200
  • Total Assessment  $0
  • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • Gross Operating Income  $0
  • Annual Operating Exp  $0
  • Net Operating Income  $0
  • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 annual 08/14/2020 0 $1,495 $17 $0 1,100
    2 vacant vacant 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Radiant
  • Water/Waste  Municipal sewer, Municipal water, Well
  • Basement  Full, Walkout/Outside entrance
  • Fuel  Liquid propane
  • Seating Capacity  
  • EXTERIOR FEATURES  
  • Type   Apartment building
  • Exterior Treatment  
  • Building Parking  11-20 spaces, Onsite
  • Roofing  Other
  • Terms/Option  
  • Miscellaneous  
  • OTHER FEATURES  
  • Documents on File  Lease(s)
  • Location  Free standing, Near public transportatn, Residential area
  • Tenant Pays  Electric, Heat, Sewer, Water
  • Present Use  Apartment building
  • Licenses  None
  • Lease Type  Annual
  • Occupied by  
  • Sale Includes  Lease(s), Other
  • Features  



  • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of The Hub Realty